Bharat Electronics’ operating loss widens in Q1FY17

Bharat Electronics (BEL) has declared its Q1FY17 results on August 6. The company’s revenue has decreased by 20.76 per cent to Rs 871 crore in Q1FY17 as compared to same period in previous financial year. It has posted a EBITDA loss of Rs 46.69 crore in Q1FY17 on a yearly basis. BEL’s other income has increased by 3.76 per cent to Rs 139 crore in Q1FY17 as compared to same period in previous financial year. The company’s net profit has dropped by more than two times to Rs 23.14 crore in Q1FY17 on a yearly basis. Its net profit margin has contracted by 311 basis points to 2.66 per cent in Q1FY17 as compared to same period in previous fiscal year.

The share price of BEL has increased by 2.27 per cent on bourses; and closed at Rs 1258.55 on Friday.

BEL is engaged in the design, manufacture and supply of strategic electronics products/systems, primarily for the defense requirements, as well as for select non-defense markets. The company's operating segments include Radars, Military Communication, Naval Systems, Missile Systems, Electronic Warfare, Avionics, C4I systems, Electro-optics, Tank Electronics, Gun up-grades, Civilian Equipments & Systems, and Components. It offers electronic manufacturing services for both domestic and international customers.